June 8，ST Caesar issued an announcement saying，The company's board of directors reviewed and approved the "Proposal on the Transfer of Equity and Related Transactions of Hainan Weikai Innovation Industrial Development Co., Ltd."，The company’s board of directors agreed to transfer the 49% equity of Hainan Weikai Innovation Industrial Development Co., Ltd. held by its wholly-owned subsidiary Sanya Caesar Tongsheng Development Holdings Co., Ltd. to Caesar Sega 188bet online casino games Management Consulting Co., Ltd.，The transfer consideration is 49 million yuan。

Announcement display，Because the counterparty is the company’s controlling shareholder，According to the relevant provisions of the Shenzhen Stock Exchange’s “Stock Listing Rules”，188bet online casino games an affiliated legal person of the company，This transaction constitutes a related transaction。

As understood，Caesar Sega 188bet online casino games Management Consulting Co., Ltd.’s main business includes 188bet online casino games management investment consulting，Organize cultural and artistic exchanges (except performances)，Marketing Planning，Organizing exhibitions, etc.。As of December 31, 2021，Caesar Sega’s total assets are 20.3.5 billion yuan，Net worth is 11.0.3 billion yuan，Realized income in 2021 is 119.260,000 yuan，Net profit is -9467.790,000 yuan。Because Caesar Sega is the company’s controlling shareholder，According to the relevant provisions of the Shenzhen Stock Exchange’s “Stock Listing Rules”，Caesar Sega is an affiliated legal person of the company。

It is reported，Hainan Weikai Innovation Industrial Development Co., Ltd. has a registered capital of 100 million yuan，Main business includes commercial performances，Travel agency service outlets 188bet online casino games promotion、Consulting Services，Ticket agency service，Conference and exhibition services，Marketing Planning，Scenic Area Management，Leisure and sightseeing activities，Management of scenic spots and scenic spots，Park Management Services，Passenger ticketing agency, etc.。Among them，Shanghai Weixiang Financial Information Services Co., Ltd. holds 51% equity，The company’s wholly-owned subsidiary Sanya Caesar Development holds 49% equity。

February 2021，Sanya Caesar Development participated in the establishment of Hainan Weikai，Intended to take advantage of Shanghai Weixiang Finance’s product and system strength and practical experience in the field of consumer services and consumer financial service technology innovation，Relying on the resource scenario of the entire 188bet online casino games industry chain、Comprehensive service capabilities and layout in the large consumer field and various measures to deeply cultivate Hainan bring first-mover advantages，Based on Hainan 188bet online casino games market，Strong alliance，Create a project characterized by technological micro-innovation，The main goal is to improve the comprehensive effectiveness of consumer services in 188bet online casino games and related industries，188bet online casino games consumption、188bet online casino games destination operation management innovation and development platform。

Company representation，Under the influence of the epidemic，The 188bet online casino games industry continues to be impacted，Its recovery did not meet expectations。In order to better realize risk isolation，Revitalizing company assets，Effective withdrawal of funds，Improve asset operation efficiency，Therefore, it is planned to sell Hainan Weikai。This transaction will not affect the company’s normal production and operation activities，It will not have a significant adverse impact on the company’s financial and operating conditions。